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Nagan Research Group LLC |
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eERM© is an expansion of the current ERM approach of identifying, assessing, measuring, monitoring, mitigating or transferring (as appropriate), and generally managing risks. eERM© matters because the corporate highway is littered with a legion of bankrupt and failed enterprises who ignored, or mismanaged, this vital management practice. Unfortunately much of this could have been avoided by applying some basic principles and avoiding known major pitfalls. In brief eERM© provides an approach to improve ERM programs by avoiding common program flaws. It is our experience that an eERM© program can contribute to the bottom line not only by lessening losses but by improving organizational efficiency and effectiveness and eERM© allows you to: Better understand what a comprehensive risk management program consists of and its benefit to your bottom line. Appreciate the compelling need for such a program in your enterprise. Recognize the ever changing nature of the risk landscape and the concurrent need for an adaptive, evolving risk management program. See that generic solutions are bound to miss company and industry specific risks. Conclude that the silos and gaps present in most enterprises need to be addressed and resolved as part of your eERM program. Understand the importance of ownership and accountability of risk elements. See how culture is vital for successful risk management program. Grasp the importance of key risk indicators and reporting of risk elements in your enterprise. Be motivated to and better prepared to launch your own eERM program. For an overview of our approach and the issues involved we have written a book titled ‘effective Enterprise Risk Management—eERM© ‘ which is available directly from this link or from Amazon. If you would like to explore our approach and see how it can help you assess your ERM program to make sure it is as effective as it needs to be give us a call at 203-987-8946 or send us an email by clicking here. |
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Existing ERM Programs effective Enterprise Risk Management (eERM©) |
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